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Fintech Ecosystem Development Corp
NASDAQ:FEXD

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Fintech Ecosystem Development Corp
NASDAQ:FEXD
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Price: 10.86 USD Market Closed
Market Cap: $104.6m

ROE

2.5%
Current
Declining
by 0.2%
vs 3-y average of 2.6%

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
2.5%
=
Net Income
$1.8m
/
Avg Total Equity
$72.2m

Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.

ROE
2.5%
=
Net Income
$1.8m
/
Avg Total Equity
$72.2m

Peer Comparison

Market Distribution

In line with most companies in the United States of America
Percentile
37th
Based on 13 668 companies
37th percentile
2.5%
Low
-155 749.7% — -2%
Typical Range
-2% — 15.9%
High
15.9% — 143 206.7%
Distribution Statistics
the United States of America
Min -155 749.7%
30th Percentile -2%
Median 8.2%
70th Percentile 15.9%
Max 143 206.7%

Fintech Ecosystem Development Corp
Glance View

Market Cap
104.6m USD
Industry
N/A

Fintech Ecosystem Development Corp. is a blank check company. The company is headquartered in Collegeville, Pennsylvania and currently employs 0 full-time employees. The company went IPO on 2021-10-19. The firm is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company has not selected any specific business combination target and has not engaged in any substantive discussions, directly or indirectly, with any business combination target. The firm intend to focus on financial technology industry in South Asia. The firm neither engages in any business operations nor generates any revenues.

FEXD Intrinsic Value
Not Available
What is Return on Equity?
Return on Equity (ROE) measures how effectively a company generates profit from shareholders` equity. It shows how much net income is earned for each dollar invested by shareholders.
How is ROE calculated?

ROE is calculated by dividing the Net Income by the Avg Total Equity.

ROE
2.5%
=
Net Income
$1.8m
/
Avg Total Equity
$72.2m
What is Fintech Ecosystem Development Corp's current ROE?

The current ROE for Fintech Ecosystem Development Corp is 2.5%, which is below its 3-year median of 2.6%.

How has ROE changed over time?

Over the last 1 years, Fintech Ecosystem Development Corp’s ROE has increased from 0.3% to 2.5%. During this period, it reached a low of 0.3% on May 30, 2022 and a high of 3.5% on Dec 31, 2022.

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